The Australian central bank on Tuesday signaled that it could lower interest rates if the global financial turmoil persists, a subtle but important shift that underlined the spreading impact of the European and U.S. turbulence on economies in the Asia-Pacific region. The Reserve Bank of Australia left its key interest unchanged at 4.75 percent at its policy meeting and retained a balanced, sanguine assessment of the impact that the troubles in Europe and the United States will have on other parts of the world. “Thus far, indications are that economic activity is continuing to expand in China and most of Asia,” Glenn ... (full story)